DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Sarah Breeden - 2 Hannah McKay - 1 BoE - 1 William James - 1 David Milliken - 1 Sarah Young - 1 Hollie Adams - 1 Breeden - 1
Top related locs:
City City of London Britain of England LSEG LME Base
Top related orgs:
City of - 2 REUTERS - 2 Bank of England - 2 Thomson - 2 of - 1 Financial Stability - 1 ICE Clear Europe - 1 LCH - 1

Search resuls for: "Sarah Breeden"


15 mentions found


☆ Bank of England central counterparty stress tests confirm resilience
  + stars: | 2023-11-08 | by ( ) www.reuters.com   time to read: +1 min
The Bank of England is seen in the City of London, Britain, February 14, 2017. REUTERS/Hannah McKay Acquire Licensing RightsLONDON, Nov 8 (Reuters) - The Bank of England on Wednesday said results of stress tests on central counterparties (CCPs) showed continued resilience at the businesses, which help clear and settle trades in financial instruments and commodities essential for the global economy. "The results confirm the continued resilience of UK CCPs to market stress scenarios that are of equal and greater severity than the worst-ever historical market stresses," said Sarah Breeden, the BoE's Deputy Governor for Financial Stability. The stress tests covered three central counterparties which operate in Britain, ICE Clear Europe Limited (ICE.N), LCH Limited, a part of LSEG (LSEG.L), and LME Clear Limited, owned by Hong Kong Exchanges and Clearing Ltd (0388.HK). The BoE said it would use the findings "to support and inform its ongoing supervision and regulation of UK CCPs".
Persons: Hannah McKay, Sarah Breeden, BoE, William James, David Milliken, Sarah Young Organizations: of, City of, REUTERS, Bank of England, Financial Stability, ICE Clear Europe, LCH, LME Clear, Hong Kong Exchanges, Clearing, HK, LME, Thomson Locations: of England, City, City of London, Britain, LSEG, LME Base
☆ Debate needed on impact of a digital pound, says BoE official
  + stars: | 2023-09-12 | by ( ) www.reuters.com   time to read: 1 min
[1/2] A woman holds an umbrella outside the Bank of England in the City of London, Britain, July 30, 2023. REUTERS/Hollie Adams/File photo Acquire Licensing RightsLONDON, Sept 12 (Reuters) - A "national conversation" is needed on whether to press ahead with a digital version of the pound, given concerns over privacy and other "anxieties", Bank of England deputy governor designate Sarah Breeden said on Tuesday. Breeden, currently an executive director at the Bank, told parliament's Treasury Committee that the impact on financial stability is also a concern regarding a digital pound. Reporting by Huw Jones and Muvija M, editing by Sachin RavikumarOur Standards: The Thomson Reuters Trust Principles.
Persons: Hollie Adams, Sarah Breeden, Breeden, Huw Jones, Muvija, Sachin Ravikumar Organizations: Bank of England, City of, REUTERS, Bank of, Bank, Treasury, Thomson Locations: City, City of London, Britain
☆ Morning Bid: Global pulse picks up, rates creep higher again
  + stars: | 2023-04-18 | by ( ) www.reuters.com   time to read: +5 min
A look at the day ahead in U.S. and global markets from Mike DolanWith investors largely assuming recession ahead, an accelerating global economic pulse challenges the narrative and is seeing interest rates tick back higher again as the March banking wobble subsides. With March starts and permits numbers out later, there was also signs of a troughing in the U.S. housing market. Confidence among U.S. single-family homebuilders improved for a fourth straight month in April as a dearth of previously owned homes and falling mortgage rates boosted demand. Wall St futures were higher again on Tuesday, with European bourses and most Asia indices advancing too. With euro zone and UK rate expectations pushing higher too, the dollar slipped back again against the euro and sterling .
☆ Morning Bid: Is China exporting deflation?
  + stars: | 2023-03-09 | by ( ) www.reuters.com   time to read: +2 min
Relief wasn't immediate, as the figures were tinged by doubt on the robustness of China's consumption rebound, with inflation in the country also at its slowest in a year. That's likely welcomed since analysts are making their latest upward revisions to U.S. and European interest rate expectations and do not need another inflationary shock from China's reopening. European futures steadied in Asia as markets assumed a holding pattern with the focus on U.S. data as the driver of interest rate movement. The Bank of Japan concludes a two-day meeting on Friday, though it is increasingly dancing to its own beat. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3%; Japanese stocks rose 0.6% on Thursday.
☆ Pension schemes advised to sell LDI funds after gilt chaos - FT
  + stars: | 2023-02-06 | by ( ) www.reuters.com   time to read: +2 min
Feb 6 (Reuters) - Pension schemes that invested in liability-driven investment (LDI) funds run by BlackRock and other managers are being advised to sell their holdings, the Financial Times newspaper reported on Monday. Investment advisers XPS Pensions and Barnett Waddingham have cut their ratings on some pooled LDI funds to their lowest ranking, according to the report, adding that the downgrades had been communicated to multiple pension funds. The downgrades only affected "pooled" fund arrangements, or a large group of pension schemes invested together, rather than individual scheme funds, the report added. XPS confirmed that it has downgraded three LDI managers pooled funds off the back of the research undertaken during December and January. LDI funds have been used by pension schemes to ensure they can meet payouts to pensioners in future years.
☆ Bank of England to toughen up rules for liability-driven funds
  + stars: | 2023-02-01 | by ( Huw Jones | ) www.reuters.com   time to read: +2 min
LDI funds have been used by pension schemes to ensure they can meet payouts to pensioners in future years. Yields on the government bonds or "gilts" held by LDI funds rocketed, and the funds struggled to meet urgent collateral calls to cover the fall in bond prices. The Pensions Regulator, which regulates pension schemes, and the Financial Conduct Authority, which regulates managers of LDI funds may have additional requirements, she said. Regulators in Luxembourg and Dublin, where LDI funds are listed, will also have their own requirements. The "complete absence" of data on leverage in LDI funds will also be addressed, she added.
☆ Morning bid: Tech tonic, recession rethink
  + stars: | 2023-01-24 | by ( ) www.reuters.com   time to read: +5 min
Pumped-up hopes for U.S. tech sector earnings in a heavy week for corporate updates generally have twinned with the latest sign Europe may have dodged a winter recession. With Microsoft in view, attention will be on the extent for cost cutting and job shedding in the tech and digital space. Music-streamer Spotify (SPOT.N) rose 2% on Monday as it joined a growing list of tech firms to announce staff cuts, shedding 6% of its workforce. Reports of Ford's F.N plan to cut 3,200 workers in Europe shows job attrition may not be confined to tech sector. Whether that's just too rosy and markets have yet to price a full-blown earnings recession is this year's big question.
☆ UK market watchdogs rely on kindness of foreigners
  + stars: | 2022-11-09 | by ( Aimee Donnellan Peter Thal Larsen | Aimee Donnellan | Peter Thal Larsen | ) www.reuters.com   time to read: +5 min
For the second time in less than three years, the Bank of England has made an emergency intervention in the market for UK government bonds. Investors rushed to liquidate assets, including money market funds which held UK government bonds. The latest intervention was triggered by excessive leverage in UK pension funds, which had borrowed to boost returns using a strategy known as liability-driven investing (LDI). To prevent future blow-ups, regulators could cap money market funds’ exposure to less liquid assets, reducing the risk of a run by investors. Financial market regulators in European fund centres like Ireland and Luxembourg have stepped up surveillance of LDI strategies used by UK pension funds, the Financial Times reported on Oct. 28.
☆ Bank of England wants more transparency for 'non banks' after gilts turmoil
  + stars: | 2022-11-07 | by ( Huw Jones | ) www.reuters.com   time to read: +4 min
[1/3] Traders work on the trading floor of Barclays Bank at Canary Wharf in London, Britain December 7, 2018. It shone a light on the less regulated global $200 trillion 'non-bank' sector which is made up of pension funds, insurers and different types of investment funds, and spans borders. The onus for building resilience in the non-bank system sits first and foremost with the firms themselves," Breeden added. Banks and non-banks also need to improve stress-testing for risks, she added. Toks Oyebode, executive director for regulatory affairs at JPMorgan bank, said steps outlined by Breeden and other regulators, such as regarding margining, were timely.
☆ More transparency needed for 'non banks' after gilts turmoil, says Bank of England
  + stars: | 2022-11-07 | by ( Huw Jones | ) www.reuters.com   time to read: +3 min
It shone a light on the sprawling and less regulated 'non-bank' financial sector which is made up of pension funds, insurers and different types of investment funds, and spans borders. The onus for building resilience in the non-bank system sits first and foremost with the firms themselves," Breeden added. "Beyond improving transparency, regulators will need to consider how best to ensure leverage is well managed. Banks and non-banks also need to improve stress-testing for risks, she added. Reporting by Huw Jones Editing by Gareth Jones and Toby ChopraOur Standards: The Thomson Reuters Trust Principles.
☆ More transparency in 'non banks' a first step after gilts turmoil, says Bank of England
  + stars: | 2022-11-07 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Nov 7 (Reuters) - Improving transparency of 'non-banks' such as pension funds is a first step in applying lessons from recent turmoil in Britain's government bond market, Bank of England executive director Sarah Breeden said on Monday. It shone a light on the sprawling and less regulated 'non-bank' financial sector made up of pension funds, insurers and different types of investment funds. Breeden said the LDI issues were a reminder of the "systemic risks" posed by poorly-managed leverage in the non-bank financial system where there is "all too often" excessive risk taking alongside improper liquidity risk management. "Transparency is an important first step. Reporting by Huw Jones Editing by Gareth Jones and Toby ChopraOur Standards: The Thomson Reuters Trust Principles.
☆ Sterling rises but gloomy economic outlook remains in focus
  + stars: | 2022-11-07 | by ( ) www.reuters.com   time to read: +3 min
At 1000 GMT, the pound was up 0.61% against the dollar at $1.14405, and 0.35% higher versus the euro at 87.260 pence per euro. But analysts remain gloomy about the prospects for the currency given the economic outlook. "The combination of a highly concerning economic outlook and a forced dovish repricing in rate expectations look set to keep the pound rather unattractive," ING analysts wrote in a note. Quarterly GDP growth figures on Friday will also provide an important signal for the state of the UK economy. Reporting by Lucy Raitano; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.
☆ Britain to go it alone for now on reining in 'shadow banking'
  + stars: | 2022-11-02 | by ( Huw Jones | ) www.reuters.com   time to read: +5 min
Britain hopes the LDI crisis creates momentum for comprehensive global reform to improve data and liquidity in the sector. In Britain the Financial Conduct Authority (FCA) regulates UK-based managers of LDI funds, and The Pensions Regulator (TPR) regulates pension schemes. UK regulators face pushing ahead alone, for now, hoping global reforms eventually pressure others to follow suit. Most LDI funds are listed in European Union states like Luxembourg and Ireland, meaning structural changes would rely on the bloc. The Central Bank of Ireland said it has stepped up data collection, analysis and engagement with LDI funds.
☆ Absolutely, absolutely!
  + stars: | 2022-10-13 | by ( ) www.reuters.com   time to read: +2 min
A look at the day ahead in European and global markets from Ankur BanerjeeAll sides in the UK gilt markets are hanging tough. Prime Minister Liz Truss is 'absolutely' committed to her spending plans, the Bank of England is absolutely determined to end its bond-buying by Friday and the markets are absolutely unconvinced about stability and calm. If that wasn't enough cause for worry, August GDP data showed the United Kingdom is on the brink of recession. Yet, he points to how that may not mean the BoE continues buying gilts in conflict with its inflation objective. Meanwhile, investors anxiously await U.S. inflation data for September later on Thursday.
☆ Morning Bid: Absolutely, absolutely!
  + stars: | 2022-10-13 | by ( ) www.reuters.com   time to read: +2 min
A look at the day ahead in European and global markets from Ankur BanerjeeAll sides in the UK gilt markets are hanging tough. Prime Minister Liz Truss is 'absolutely' committed to her spending plans, the Bank of England is absolutely determined to end its bond-buying by Friday and the markets are absolutely unconvinced about stability and calm. If that wasn't enough cause for worry, August GDP data showed the United Kingdom is on the brink of recession. Yet, he points to how that may not mean the BoE continues buying gilts in conflict with its inflation objective. Meanwhile, investors anxiously await U.S. inflation data for September later on Thursday.
0 next >>
Total: 15